Passthrough entities have specific requirements under Uniform Guidance (UG). We will discuss these requirements to monitor subrecipients. The updates to UG in November of 2020 has renumbered the section on Requirements for pass-through entities to section 200.332. There have also been updates to this section. We will look at the definitions of a sub-recipient and a contractor and review section 200.331 - Subrecipient and contractor determinations. We will then discuss the risk assessment considerations and look at monitoring best practices.
Publication Date: September 2021
Designed For
This session is for non-federal entities that have subrecipients and for auditors.
Topics Covered
- Specific passthrough entities requirements under UG
- How to determine who is a subrecipient
- Definitions of a sub-recipient and a contractor
- Review section 200.331 - Subrecipient and contractor determinations
- Risk assessment considerations and look at monitoring best practices
Learning Objectives
- Recognize the additional role of the passthrough entity to do subrecipient monitoring
- Recognize how to determine who is a subrecipient
- Describe a subrecipient and contractor
- Identify which year revisions to the Uniform Guidance came out in
- Identify subaward requirements for PTEs under Section 200.332(a)
- Describe a subrecipient
- Recognize what the passthrough entity is responsible for
- Describe true statements regarding risk assessment of a subrecipient
- Identify when the 2021 Compliance Supplement will be used for audits under Uniform Guidance
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Diane Edelstein
Diane E. Edelstein is a Senior Partner at Maher Duessel in Pittsburgh, PA and has over thirty years of experience in public accounting. Her entire auditing career has been of non-profits, governments and Single Audit.
Diane speaks throughout the country on Non-profit accounting and auditing and Single Audit. She was member of the AICPA NPO Planning Conference Committee from 2012 – 2017 and continued to speak at the annual conference through 2019.
Diane currently serves on the AICPA Peer Review Board – GCA PMTF (Government and Compliance Audits Practice Monitoring Task Force) and is a past member of the PICPA Professional Ethics Committee and the PICPA Peer Review Committee.